FTTMX Holdings — Franklin Michigan Tax-Free Income Fund
Data updated: 2026-07-27
FTTMX holds 235 securities. The top 10 make up 16.5% of net assets, led by Puerto Rico Sales Tax Financing Corp., Series A-1 (1.91%) and Michigan State Building Authority, Series 2016 I (1.80%). 96.0% of the portfolio is in United States. Debt holdings: 233 positions, 93.3% of assets.
Holdings cover 98.62% of net asset value (95.87% of total assets; remainder is cash and receivables). As of May 31, 2026 · N-PORT.
FTTMX Portfolio Holdings
235 holdings of Franklin Michigan Tax-Free Income Fund by percentage of net assets, from the fund's SEC N-PORT filing as of May 31, 2026. The 100 largest are listed below; the interactive table on this page lists all 235.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Puerto Rico Sales Tax Financing Corp., Series A-1 | — | Municipal Bonds | 1.91% | $12.75M |
| Michigan State Building Authority, Series 2016 I | — | Municipal Bonds | 1.80% | $12.06M |
| Michigan Finance Authority, Series 2016 A | — | Municipal Bonds | 1.79% | $12.00M |
| Trenton Public Schools School District, Series 2018 | — | Municipal Bonds | 1.75% | $11.69M |
| Green Lake Township Economic Development Corp., Series 2004 | — | Municipal Bonds | 1.68% | $11.20M |
| City of Lansing, Series 2023 B | — | Municipal Bonds | 1.55% | $10.38M |
| Public Finance Authority, Series 2025 A-2 | — | Municipal Bonds | 1.52% | $10.17M |
| Michigan State Hospital Finance Authority, Series 2010 F-7 | — | Municipal Bonds | 1.51% | $10.10M |
| Michigan State Building Authority, Series 2016 I | — | Municipal Bonds | 1.49% | $9.94M |
| Lansing Board of Water & Light, Series 2024 A | — | Municipal Bonds | 1.46% | $9.79M |
| Wayne State University, Series 2018 A | — | Municipal Bonds | 1.37% | $9.15M |
| Michigan State Housing Development Authority, Series 2019 B | — | Municipal Bonds | 1.33% | $8.92M |
| Michigan Finance Authority, Series 2018 B | — | Municipal Bonds | 1.25% | $8.37M |
| Metropolitan Transportation Authority, Series 2021 A-1 | — | Municipal Bonds | 1.24% | $8.29M |
| Public Finance Authority, Series 2024 A-2 | — | Municipal Bonds | 1.20% | $8.04M |
| Wayne County Airport Authority, Series 2018 A | — | Municipal Bonds | 1.19% | $7.99M |
| Kentwood Economic Development Corp., Series 2022 | — | Municipal Bonds | 1.18% | $7.92M |
| Southfield Public Schools, Series 2025 | — | Municipal Bonds | 1.13% | $7.59M |
| Farmington Public School District, Series 2018 | — | Municipal Bonds | 1.10% | $7.33M |
| Grand Traverse County Hospital Finance Authority, Series 2021 | — | Municipal Bonds | 1.08% | $7.22M |
| Ludington Area School District, Series 2022 II | — | Municipal Bonds | 1.06% | $7.08M |
| Michigan Finance Authority, Series 2016 | — | Municipal Bonds | 1.05% | $7.03M |
| Michigan Strategic Fund, Series 2018 | — | Municipal Bonds | 1.04% | $6.95M |
| Belding Area Schools, Series 2022 | — | Municipal Bonds | 1.04% | $6.94M |
| Byron Center Public Schools, Series 2017 I | — | Municipal Bonds | 1.01% | $6.77M |
| Plainwell Community Schools, Series 2022 II | — | Municipal Bonds | 0.95% | $6.38M |
| Michigan Finance Authority, Series 2018 B | — | Municipal Bonds | 0.93% | $6.23M |
| Grand Traverse County Hospital Finance Authority, Series 2019 C | — | Municipal Bonds | 0.93% | $6.20M |
| Sparta Area Schools, Series 2019 II | — | Municipal Bonds | 0.87% | $5.84M |
| Great Lakes Water Authority, Series 2026 B | — | Municipal Bonds | 0.86% | $5.75M |
| University of Michigan, Series 2017 A | — | Municipal Bonds | 0.86% | $5.75M |
| Woodhaven-Brownstown School District, Series 2025 III | — | Municipal Bonds | 0.85% | $5.67M |
| Detroit City School District, Series 2001 A | — | Municipal Bonds | 0.84% | $5.61M |
| Comstock Park Public Schools, Series 2025 II | — | Municipal Bonds | 0.83% | $5.56M |
| Allegan Public School District, Series 2025 III | — | Municipal Bonds | 0.82% | $5.51M |
| Michigan State Hospital Finance Authority, Series 1999 B-3 | — | Municipal Bonds | 0.82% | $5.50M |
| Great Lakes Water Authority, Series 2022 B | — | Municipal Bonds | 0.79% | $5.26M |
| Michigan State University, Series 2025 A | — | Municipal Bonds | 0.78% | $5.18M |
| City of Grand Rapids, Series 2025 | — | Municipal Bonds | 0.77% | $5.16M |
| University of Michigan, Series 2017 A | — | Municipal Bonds | 0.76% | $5.10M |
| Michigan State Housing Development Authority, Series 2025 A | — | Municipal Bonds | 0.76% | $5.08M |
| Capital Trust Authority, Series 2024 | — | Municipal Bonds | 0.76% | $5.05M |
| Trenton Public Schools School District, Series 2018 | — | Municipal Bonds | 0.75% | $5.04M |
| Michigan State Housing Development Authority, Series 2022 A | — | Municipal Bonds | 0.74% | $4.92M |
| Capital Trust Agency, Inc., Series 2021 A-1 | — | Municipal Bonds | 0.71% | $4.72M |
| Wayne State University, Series 2018 A | — | Municipal Bonds | 0.69% | $4.63M |
| Kent Hospital Finance Authority, Series 2021 A | — | Municipal Bonds | 0.65% | $4.37M |
| Gull Lake Community School District, Series 2018 I | — | Municipal Bonds | 0.61% | $4.07M |
| Macomb Interceptor Drain Drainage District, Series 2017 A | — | Municipal Bonds | 0.61% | $4.05M |
| Michigan Finance Authority, Series 2024 B | — | Municipal Bonds | 0.58% | $3.91M |
| Michigan State Building Authority, Series 2022 I | — | Municipal Bonds | 0.57% | $3.81M |
| Wayne County Airport Authority, Series 2021 A | — | Municipal Bonds | 0.57% | $3.80M |
| Michigan Technological University, Series 2023 A | — | Municipal Bonds | 0.54% | $3.62M |
| Michigan Finance Authority, Series 2020 | — | Municipal Bonds | 0.54% | $3.58M |
| Michigan Finance Authority, Series 2020 A, Class 1 | — | Municipal Bonds | 0.53% | $3.57M |
| Wayne County Airport Authority, Series 2021 A | — | Municipal Bonds | 0.53% | $3.56M |
| Michigan State Housing Development Authority, Series 2020 A | — | Municipal Bonds | 0.51% | $3.44M |
| Southfield Public Schools, Series 2025 | — | Municipal Bonds | 0.51% | $3.42M |
| Swartz Creek Community Schools, Series 2025 I | — | Municipal Bonds | 0.47% | $3.12M |
| Michigan State Housing Development Authority, Series 2021 A | — | Municipal Bonds | 0.46% | $3.10M |
| Michigan State Housing Development Authority, Series 2020 A | — | Municipal Bonds | 0.46% | $3.10M |
| Crestwood School District, Series 2025 I | — | Municipal Bonds | 0.46% | $3.10M |
| City of Grand Rapids, Series 2020 | — | Municipal Bonds | 0.46% | $3.07M |
| Michigan State Housing Development Authority, Series 2025 C | — | Municipal Bonds | 0.46% | $3.06M |
| Downriver Utility Wastewater Authority, Series 2018 | — | Municipal Bonds | 0.46% | $3.05M |
| Saline Area Schools, Series 2016 | — | Municipal Bonds | 0.44% | $2.96M |
| Dexter Community Schools, Series 2025 | — | Municipal Bonds | 0.43% | $2.91M |
| Battle Creek School District, Series 2022 | — | Municipal Bonds | 0.43% | $2.88M |
| Michigan Finance Authority, Series 2022 | — | Municipal Bonds | 0.43% | $2.88M |
| Charter Township of White Lake, Series 2025 | — | Municipal Bonds | 0.42% | $2.80M |
| Michigan Finance Authority, Series 2016 B | — | Municipal Bonds | 0.41% | $2.76M |
| University of Michigan, Series 2017 A | — | Municipal Bonds | 0.41% | $2.75M |
| Michigan Finance Authority, Series 2024 B | — | Municipal Bonds | 0.41% | $2.72M |
| Charter Township of White Lake, Series 2025 | — | Municipal Bonds | 0.40% | $2.71M |
| Comstock Public Schools, Series 2022 I | — | Municipal Bonds | 0.40% | $2.69M |
| Pecan Public Facility Corp., Series 2022 A-2 | — | Municipal Bonds | 0.40% | $2.69M |
| Michigan State Housing Development Authority, Series 2021 A | — | Municipal Bonds | 0.40% | $2.66M |
| Ingham County Building Authority, Series 2024 | — | Municipal Bonds | 0.39% | $2.63M |
| Michigan State Hospital Finance Authority, Series 2010 F-8 | — | Municipal Bonds | 0.39% | $2.58M |
| Monroe Public Schools, Series 2020 I | — | Municipal Bonds | 0.38% | $2.55M |
| Hudsonville Public Schools, Series 2017 | — | Municipal Bonds | 0.38% | $2.53M |
| East Lansing School District, Series 2017 I | — | Municipal Bonds | 0.38% | $2.53M |
| City of Grand Rapids, Series 2020 | — | Municipal Bonds | 0.38% | $2.51M |
| Michigan Technological University, Series 2015 A | — | Municipal Bonds | 0.36% | $2.40M |
| Okemos Public Schools, Series 2024 II | — | Municipal Bonds | 0.36% | $2.40M |
| Western Michigan University, Series 2019 A | — | Municipal Bonds | 0.36% | $2.38M |
| L'Anse Creuse Public Schools, Series 2025 I | — | Municipal Bonds | 0.35% | $2.34M |
| Michigan Finance Authority, Series 2018 | — | Municipal Bonds | 0.35% | $2.33M |
| Michigan Finance Authority, Series 2023 | — | Municipal Bonds | 0.35% | $2.32M |
| Wayne-Westland Community Schools, Series 2022 | — | Municipal Bonds | 0.34% | $2.27M |
| Michigan Strategic Fund, Series 2018 | — | Municipal Bonds | 0.34% | $2.26M |
| Oakland University, Series 2019 | — | Municipal Bonds | 0.34% | $2.26M |
| Michigan Finance Authority, Series 2020 | — | Municipal Bonds | 0.34% | $2.25M |
| Development Authority of Rockdale County, Series 2025 A-1 | — | Municipal Bonds | 0.33% | $2.23M |
| California Municipal Finance Authority, Series 2022 A-1 | — | Municipal Bonds | 0.33% | $2.23M |
| Saginaw Valley State University, Series 2016 A | — | Municipal Bonds | 0.33% | $2.17M |
| Great Lakes Water Authority, Series 2026 C | — | Municipal Bonds | 0.32% | $2.14M |
| State of Michigan, Series 2023 | — | Municipal Bonds | 0.32% | $2.12M |
| Alma Public Schools, Series 2025 I | — | Municipal Bonds | 0.31% | $2.10M |
| Michigan Finance Authority, Series 2016 MI | — | Municipal Bonds | 0.31% | $2.10M |
FTTMX Sector Allocation
Franklin Michigan Tax-Free Income Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Municipal Bonds | 99.7% | 234 |
| Unknown | 0.3% | 1 |
FTTMX Country Allocation
Where Franklin Michigan Tax-Free Income Fund's holdings are domiciled, by percentage of net assets (largest 3).
| Country | % of net assets |
|---|---|
| United States | 96.0% |
| Puerto Rico | 1.9% |
| Guam | 0.7% |
FTTMX Portfolio Allocation
Asset-class allocation of Franklin Michigan Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.0% |
| Cash & Equivalents | 2.6% |
FTTMX Debt Constituents
Largest debt holdings of Franklin Michigan Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 1.91% |
| Michigan State Building Authority | 1.80% |
| Michigan Finance Authority | 1.79% |
| Trenton Public Schools School District | 1.75% |
| City of Lansing MI | 1.55% |
| Public Finance Authority | 1.52% |
| Michigan State Hospital Finance Authority | 1.51% |
| Michigan State Building Authority | 1.49% |
| Lansing Board of Water & Light | 1.46% |
| Wayne State University | 1.37% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.